Comments on: LLN FDL: Boots Of Chinese Plastic http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/ Firedoglake weblog Sat, 28 Nov 2009 16:56:43 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: bigbrother http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701032 bigbrother Mon, 27 Oct 2008 10:04:21 +0000 http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701032 <p>Nouriel Roubini, Professor of Economics at New York University, said that his prediction earlier this week that markets would have to be shut down is already coming true.<br /> Futures trading was suspended on us market today, Russian market was closed as markets fall around the world.</p> Nouriel Roubini, Professor of Economics at New York University, said that his prediction earlier this week that markets would have to be shut down is already coming true.
Futures trading was suspended on us market today, Russian market was closed as markets fall around the world.

]]> By: bigbrother http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701029 bigbrother Mon, 27 Oct 2008 09:47:53 +0000 http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701029 <p>Only major assholes would cause this. Accontability should be demanded as this was orchestrated. It wasn’t dumb luck. Greenspan admitted that to committee last week.</p> Only major assholes would cause this. Accontability should be demanded as this was orchestrated. It wasn’t dumb luck. Greenspan admitted that to committee last week.

]]> By: bigbrother http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701028 bigbrother Mon, 27 Oct 2008 09:46:12 +0000 http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701028 <p>World recession will deflate travel, restuarant abd tourism. Tourism tax reciepts will diminish. That’s bad for those jobs and government services.<br /> Here on the CA coast that is bad news for a lot of locals.<br /> Next year retail chains will go out of business. Commercial real estate will have bigger vacancies.</p> World recession will deflate travel, restuarant abd tourism. Tourism tax reciepts will diminish. That’s bad for those jobs and government services.
Here on the CA coast that is bad news for a lot of locals.
Next year retail chains will go out of business. Commercial real estate will have bigger vacancies.

]]> By: bigbrother http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701027 bigbrother Mon, 27 Oct 2008 09:20:28 +0000 http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701027 <p>Since Bushco bailed out AIG insurance for $85 billion now the other insurance companies want a bailout. They are essentially socializing themselves. Corporate welfare can be defined as fascism. The oligarchy needs it all nothing left for the citizens. Barack is supposed to extend unemployment benefits and expand food stamps so people can survive. With the state and local government budgets gone south and federal reciepts waninghow much can he do? Take the rap for the Bush administration? the press will be happy to deliver that message to joe six pack.<br /> Temper your optimism with caution. The economy is still pretty big after 5 decades of growth but the disenfranchised sector is growing more rapidly than the economy. The unemployed, the underemployed and those at the poverty level or below are around 50 million americans. People without medical care close to homelessness or slim resources. In the inner city is is already bad.</p> Since Bushco bailed out AIG insurance for $85 billion now the other insurance companies want a bailout. They are essentially socializing themselves. Corporate welfare can be defined as fascism. The oligarchy needs it all nothing left for the citizens. Barack is supposed to extend unemployment benefits and expand food stamps so people can survive. With the state and local government budgets gone south and federal reciepts waninghow much can he do? Take the rap for the Bush administration? the press will be happy to deliver that message to joe six pack.
Temper your optimism with caution. The economy is still pretty big after 5 decades of growth but the disenfranchised sector is growing more rapidly than the economy. The unemployed, the underemployed and those at the poverty level or below are around 50 million americans. People without medical care close to homelessness or slim resources. In the inner city is is already bad.

]]> By: bigbrother http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701024 bigbrother Mon, 27 Oct 2008 09:03:58 +0000 http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701024 <p>Once you understand that these people are sohpisticated theives out to plunder they start looking very smart. They cut in the Dems to open the treaury for the teir banks. Europe’s markets open down around 5%…earlier the Hong Kong markets lost 14% equity today alone</p> Once you understand that these people are sohpisticated theives out to plunder they start looking very smart. They cut in the Dems to open the treaury for the teir banks. Europe’s markets open down around 5%…earlier the Hong Kong markets lost 14% equity today alone

]]> By: bigbrother http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701022 bigbrother Mon, 27 Oct 2008 08:58:53 +0000 http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701022 <p>The trillion spent to bail Wall Street and the banks were spent to remove Obama’s administrations access to fund the health safety net, the renewable enegy industry and money for the state governments to repair their highways, water and wastewater deteriorating infrastructure. Wastewater alone is a Trillion dollars. The grid and shrinking water resources I have not seen numbers on but it is big as the drought goes on.</p> The trillion spent to bail Wall Street and the banks were spent to remove Obama’s administrations access to fund the health safety net, the renewable enegy industry and money for the state governments to repair their highways, water and wastewater deteriorating infrastructure. Wastewater alone is a Trillion dollars. The grid and shrinking water resources I have not seen numbers on but it is big as the drought goes on.

]]> By: Waccamaw http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701020 Waccamaw Mon, 27 Oct 2008 08:54:42 +0000 http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701020 <p>The only two things at which they truly excel are screwing up big time and refusing to take the blame for it.</p> <p>Dog! Don’t the gunpowder from republic circular firing squads smell good on the mornin’ breeze? *G*</p> The only two things at which they truly excel are screwing up big time and refusing to take the blame for it.

Dog! Don’t the gunpowder from republic circular firing squads smell good on the mornin’ breeze? *G*

]]> By: tw3k http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701019 tw3k Mon, 27 Oct 2008 08:53:57 +0000 http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701019 <p><a href="http://www.youtube.com/watch?v=RertKgZKFbM" rel="nofollow">hey</a>!</p> hey!

]]> By: bigbrother http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701018 bigbrother Mon, 27 Oct 2008 08:53:34 +0000 http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701018 <p>That si the environment Obama has to start in. If he doesn’t get 60 in the senate is will be in bigtime difficulty. Big Oil does not want an energy tax nor does Big Coal if we do not get the carbon tax investors will not risk the big investments needed to get the 5,000,000 green jobs. A book this year that addressess that is Earth:The Sequel by Environmental Defence Fund executive directors.</p> That si the environment Obama has to start in. If he doesn’t get 60 in the senate is will be in bigtime difficulty. Big Oil does not want an energy tax nor does Big Coal if we do not get the carbon tax investors will not risk the big investments needed to get the 5,000,000 green jobs. A book this year that addressess that is Earth:The Sequel by Environmental Defence Fund executive directors.

]]> By: bigbrother http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701016 bigbrother Mon, 27 Oct 2008 08:47:03 +0000 http://firedoglake.com/2008/10/26/lln-fdl-boots-of-chinese-plastic/#comment-1701016 <p>The underlying concern in the markets is they are not orderly and less predictable which creates a harrowing environment for risk, Investors have capital earning a little but nothing like what some have earned.<br /> So how do you restart the business growth cycle in the US. We offshored both production and jobs. Our consumersa are tapped out by the housing bubble when it burst. On top of that a huge layer of rot many times the housing equity has gone south as bad bets are called that were leveraged as much as 100 to 1 the wrong way. A dollar invested is now worth a penny.<br /> Capital has been reduced by 50% in a year or so.<br /> Disposable income that has been the engine of the economy has dried up and with it a huge hole in our economy like the huge storms recently in the gulf have done unprecenebted damage.<br /> Thr offshore flow of energy capital is sucking our capital out of the market place exacerbating the credit crunch along with continued demand for banks and hedge funds to cover their bad bets. That is where our bail out money is going. Bail Baby Bail it is going to take a while. Bushco can take the credit for this world trdgedy.</p> The underlying concern in the markets is they are not orderly and less predictable which creates a harrowing environment for risk, Investors have capital earning a little but nothing like what some have earned.
So how do you restart the business growth cycle in the US. We offshored both production and jobs. Our consumersa are tapped out by the housing bubble when it burst. On top of that a huge layer of rot many times the housing equity has gone south as bad bets are called that were leveraged as much as 100 to 1 the wrong way. A dollar invested is now worth a penny.
Capital has been reduced by 50% in a year or so.
Disposable income that has been the engine of the economy has dried up and with it a huge hole in our economy like the huge storms recently in the gulf have done unprecenebted damage.
Thr offshore flow of energy capital is sucking our capital out of the market place exacerbating the credit crunch along with continued demand for banks and hedge funds to cover their bad bets. That is where our bail out money is going. Bail Baby Bail it is going to take a while. Bushco can take the credit for this world trdgedy.

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